South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance minister told Reuters.

Budget: South Africa's plan to stabilise debt, boost growth, invest in infrastructure, and fund services through prudent fiscal policies.

The Finance Minister, Dr Cassiel Ato Forson, has announced the cancellation of the COVID-19 tax, a levy introduced in 2020 to help fund the country's response to the pandemic, the betting tax, the controversial E-Levy (Electronic Transaction Levy) and some few taxes.

Minister of Finance, Enoch Godongwana, is expected to deliver the 2025 Budget Speech in Parliament today. The Budget Speech seeks to strike a balance between fostering economic growth and providing support for the most vulnerable in society, even with constrained resources.

Tamil Nadu Chief Minister M K Stalin-led DMK regime on Friday presented its Budget 2025-26 in the Assembly, a full-fledged exercise ahead of the state election next year, and made

Former Finance Minister Mohammed Amin Adam has refuted claims that his administration implemented the controversial betting tax, stating that it was never enforced under his tenure.

South African Finance Minister Enoch Godongwana may have to make changes to the national budget after parties that control more than half the seats in parliament rejected his plans to raise taxes.

This is the view of analysts after Finance Minister Enoch Godongwana's budget drew a backlash from various quarters, including a key partner in the coalition government rejecting his proposals for a second time.

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but the move was still rejected by trade unions who say any rise in taxes that will have a negative impact on the country’s poorest is unacceptable.